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Millicom International Cellular S.A. - TIGO STOCK NEWS

Welcome to our dedicated page for Millicom International Cellular S.A. news (Ticker: TIGO), a resource for investors and traders seeking the latest updates and insights on Millicom International Cellular S.A. stock.

Millicom International Cellular S.A. (TIGO) is a prominent telecommunications company based in Luxembourg, specializing in providing fixed line and mobile services. Operating under the Tigo brand, Millicom has a significant presence in emerging markets across Latin America. The company delivers a range of telecom services including wireless and fixed-line solutions in countries such as Bolivia, Nicaragua, Panama, El Salvador, Guatemala, Paraguay, Colombia, Costa Rica, and Honduras. Notably, Millicom owns 100% of its operations in most of these countries, with a 50% stake in Colombia and 67% in Honduras.

Millicom's robust infrastructure supports comprehensive telecommunications services for millions. Its fixed-line networks reach approximately 13 million homes, while its wireless networks cover about 120 million people. The company is known for providing converged packages that can include fixed-line phone services, broadband, and pay television, along with its wireless offerings. This integrated approach allows Millicom to meet diverse consumer needs in less developed regions.

In 2024, Millicom plans to carve out its infrastructure assets and mobile financial services business, aiming to optimize its operations and enhance shareholder value. The company's focus on emerging markets and its strategic initiatives reflect its commitment to growth and adaptation in a rapidly evolving industry.

Recent developments include a share repurchase activity, which indicates the company’s confidence in its financial health and future prospects. This move is expected to provide value to shareholders and demonstrates Millicom’s proactive approach to managing its equity base.

Millicom’s financial performance and strategic initiatives are continually tracked and updated through various channels, ensuring stakeholders have access to the latest information on the company’s performance and market activities.

News

Millicom (Tigo) notice of fourth quarter 2023 results and video conference

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Millicom (Tigo) is set to announce its fourth quarter 2023 results on February 27, 2024 and will host a video conference for the global financial community. Registration for the interactive event is required.
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Millicom (Tigo) share repurchase activity

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Millicom (Tigo) has repurchased 214,222 of its Swedish Depository Receipts (SDRs) between January 29, 2024, and February 2, 2024, as part of the share repurchase program announced on December 15, 2023. The purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom. Following the purchases, Millicom holds 1,299,275 treasury shares as of February 2, 2024. The total number of shares outstanding in Millicom is 172,096,305.
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Millicom (Tigo) share repurchase activity

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Millicom (Tigo) recently announced the repurchase of 235,772 of its Swedish Depository Receipts (SDRs) between January 22, 2024, and January 26, 2024, as part of the share repurchase program. The purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom. Following the purchases, Millicom holds 1,113,026 treasury shares as of January 26, 2024, with a total of 172,096,305 shares outstanding. The repurchase program is executed in compliance with Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 ('Safe Harbour Regulation').
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Tigo Colombia to sell towers to KKR

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Millicom's subsidiary Tigo Colombia has agreed to sell approximately 1,100 wireless communications towers to affiliates of investment funds managed by KKR, a leading global investment firm. KKR plans to work in partnership with NEXO LatAm, a digital infrastructure platform that supports the implementation of KKR's infrastructure strategy throughout Latin America. The transaction includes a long-term lease agreement, enhancing operational and capital efficiency in Colombia. KKR is making the investment through its KKR Global Infrastructure Investors IV fund.
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Millicom (Tigo) share repurchase activity

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Millicom (Tigo) has repurchased 228,599 of its Swedish Depository Receipts (SDRs) between January 15, 2024, and January 19, 2024. The company holds 877,254 treasury shares as of January 19, 2024, with a total of 172,096,305 shares outstanding. All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom. The repurchase program is being executed consistent with the provisions of Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 ('Safe Harbour Regulation').
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Millicom (Tigo) share repurchase activity  

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Millicom (Tigo) announced the repurchase of 136,599 of its Swedish Depository Receipts (SDRs) between January 8, 2024, and January 12, 2024, as part of the share repurchase program. The purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited. Following the purchases, Millicom holds 648,655 treasury shares as of January 12, 2024, out of a total of 172,096,305 shares outstanding. The repurchase program is being executed consistent with the provisions of Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 ('Safe Harbour Regulation').
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Millicom (Tigo) share repurchase activity

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Millicom (Tigo) (MIIC) repurchased 142,239 of its Swedish Depository Receipts (SDRs) between January 2, 2024, and January 5, 2024. The total number of shares outstanding in Millicom is 172,096,305. All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom. The repurchase program is being executed consistent with the provisions of Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 ('Safe Harbour Regulation').
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Millicom (Tigo) share repurchase activity

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Millicom (Tigo) (TIGO) repurchased 170,724 of its Swedish Depository Receipts (SDRs) between December 19, 2023, and December 22, 2023. The total number of shares outstanding in Millicom is 172,096,305. The repurchase program is consistent with the provisions of Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 ('Safe Harbour Regulation').
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Millicom (Tigo) raises target and launches share repurchase program

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Millicom (Tigo) (TIGO) raises target for cumulative Equity Free Cash Flow (EFCF) to around $600 million for 2022-2024 period and launches share repurchase program to fund employee share plans.
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Millicom (Tigo) Q3 2023 Earnings Release

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Millicom announces Q3 2023 results, with revenue growing 2.6% and operating profit increasing 6.8%. Service revenue increased 1.8% organically. Operating cash flow increased 23.3% to $353 million. Equity free cash flow was $100 million in Q3 2023. Millicom reiterates guidance of cumulative EFCF of at least $500 million for the 2022-2024 period.
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FAQ

What is the current stock price of Millicom International Cellular S.A. (TIGO)?

The current stock price of Millicom International Cellular S.A. (TIGO) is $26.2 as of November 18, 2024.

What is the market cap of Millicom International Cellular S.A. (TIGO)?

The market cap of Millicom International Cellular S.A. (TIGO) is approximately 4.5B.

What does Millicom International Cellular S.A. do?

Millicom International Cellular S.A., operating under the Tigo brand, provides fixed line and mobile telecommunications services in emerging markets across Latin America.

Which countries does Millicom serve?

Millicom serves several Latin American countries including Bolivia, Nicaragua, Panama, El Salvador, Guatemala, Paraguay, Colombia, Costa Rica, and Honduras.

What services does Millicom offer?

Millicom offers wireless and fixed-line telecom services, including fixed-line phone, broadband, pay television, and converged service packages.

What are Millicom's recent achievements?

Recent achievements include the planned carve-out of its infrastructure assets and mobile financial services business in 2024, and a share repurchase activity indicating financial confidence.

How extensive is Millicom's network coverage?

Millicom's fixed-line networks reach 13 million homes, while its wireless networks cover approximately 120 million people.

Who owns Millicom's operations in Latin America?

Millicom owns 100% of its operations in Bolivia, Nicaragua, Panama, El Salvador, Guatemala, Paraguay, and Costa Rica. It holds 50% in Colombia and 67% in Honduras.

What is Millicom's strategic focus for 2024?

Millicom plans to carve out its infrastructure assets and mobile financial services business to streamline operations and enhance shareholder value.

What is the significance of Millicom's share repurchase activity?

The share repurchase activity reflects Millicom's confidence in its financial health and future prospects, aiming to provide value to shareholders.

How does Millicom communicate financial performance and updates?

Millicom regularly updates stakeholders on its financial performance and strategic initiatives through various communication channels, ensuring transparency.

What is Millicom's approach to market adaptation?

Millicom focuses on emerging markets, offering integrated telecom services and continuously adapting its strategies to meet evolving consumer needs and market dynamics.

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Millicom International Cellular S.A.

Nasdaq:TIGO

TIGO Rankings

#1368 Ranked by Market Cap
N/A Ranked by Dividends

TIGO Stock Data

4.51B
171.50M
1.78%
5.09%
0.04%
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